Alamos Gold Inc (AGI) Receives C$10.71 Consensus Price Target from Brokerages

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has received an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$10.71.

AGI has been the subject of a number of research reports. Raymond James lowered their target price on Alamos Gold from C$11.00 to C$10.00 in a research report on Friday, October 19th. Canaccord Genuity lowered their target price on Alamos Gold from C$13.00 to C$11.50 in a research report on Thursday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a C$11.50 target price on shares of Alamos Gold in a research report on Thursday, September 6th. Finally, National Bank Financial lowered their target price on Alamos Gold from C$10.00 to C$9.00 in a research report on Saturday, July 14th.

Shares of AGI opened at C$5.71 on Monday. Alamos Gold has a 1 year low of C$5.35 and a 1 year high of C$8.94.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, August 1st. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). Alamos Gold had a negative net margin of 2.91% and a negative return on equity of 0.80%. The company had revenue of C$217.99 million for the quarter.

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Monday, October 15th will be given a dividend of $0.013 per share. The ex-dividend date is Friday, October 12th. This represents a dividend yield of 0.17%.

In other news, insider Colin Webster sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of C$5.43, for a total transaction of C$67,875.00. Also, Director John Mccluskey purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was bought at an average price of C$5.80 per share, with a total value of C$29,000.00.

Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

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Analyst Recommendations for Alamos Gold (TSE:AGI)

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